HONG KONG.
No. 16 OF 1937.
I assent.
N. L. SMITH,
L.S.
Officer Administering the Government.
24th September, 1937.
An Ordinance to amend the Life Insurance Companies Ordin-
ance, 1907.
[24th September, 1937.]
BE it enacted by the Governor of Hong Kong, with the advice and consent of the Legislative Council thereof, as follows:
1. This Ordinance may be cited as the Life Insurance Short title. Companies Amendment Ordinance, 1937.
2. Section 3 of the Life Insurance Companies Ordinance. Amendments 1907, is amended :-
of Ordinance No. 11 of
,, 1907, s. 3.
(i) by the insertion of the words " and keep deposited after the word "deposit "in the fifth line of sub-section (1);
CC
(ii) by the insertion of the words " and keep deposited " after the word Ordinance in the ninth line of sub- section (2);
(iii) by the insertion of the words " and keep deposited after the word make in the third line of sub-section (4).
3. Section 5 of the Life Insurance Companies Ordinance, Substitution 1907, is repealed and the following section is substituted for Ordin-
therefor :-
ance No. 11 of 1907, s. 5.
securities.
5. Subject to the provisions of this Ordinance and to Decision as any regulations for the time being in force thereunder, the to value of Governor in Council shall be the sole judge of the nature of the securities to be accepted and of the value of any securities proposed to be deposited, and of the value at all times during the continuance of the deposit of any securities deposited under this Ordinance.
4. Section 7 of the Life Insurance Companies Ordinance, Repeal of 1907, is repealed.
Passed the Legislative Council of Hong Kong, this 22nd day of September, 1937.
Ordinance No. 11 of 1907, s. 7.
A. G. CLARKE, Deputy Clerk of Councils.
7